Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US raw steel production increased by 2.4pc to 1.48mn nt (1.34mn mt) in the week ended Sep 26 from 1.44mn nt in the previous week, with a capacity utilization rate of 66.1pc, according to the American Iron and Steel Institute (AISI).


Compared to the same week in 2019, steel production dropped 17.8pc from 1.8mn nt and capacity utilization is down by 14.6pc. 

From Jan-Sep 26 output dropped 20.1pc to 57.65mn nt from 72.13mn nt in the same period in 2019. The capability utilization rate also declined by 18.1pc to 65.8pc, from 80.3pc during the same period.


Based on region, production in the North East declined by 5.2pc to 128,000nt, ticked down in Great Lakes by 0.19pc to 526,000nt, and declined in the Midwest by 3.6pc to 163,000nt, last week compared to the prior week.


Production increased for the week ended Sep 26 in the Southern region by 6.7pc to 590,000nt and in the Western region by 17.7pc to 73,000nt, compared to the prior week.


The raw steel output provided by AISI is compiled by combining weekly production figures from 50pc of domestic producers and monthly production data. 

Leave a Reply

Your email address will not be published.